FOREX

Trade a wide range of commodities, such as energy, metals and agricultural products.

About Forex Trading

Forex trading, currency trading, or FX trading, are all terms that describe the global currency exchange market. It refers to the global, decentralized marketplace where individuals, companies and financial institutions exchange currencies for one another.

The foreign exchange market is where currencies are traded. Currencies are important because enable purchase of goods and services locally and across borders. International currencies need to be exchanged in order to conduct foreign trade and business.

Commercial and investment banks conduct most of the trading in the forex markets on behalf of their clients, but there are also speculative opportunities for trading one currency against another for professional and individual investors.

Forex Trading Marketplace

The FX market is where currencies are traded. It is the only truly continuous and nonstop trading market in the world. In the past, the forex market was dominated by institutional firms and large banks. But it has become more retail-oriented in recent years and traders and investors of many holding sizes have begun participating in it.

The forex trading marketplace is the world’s largest and most liquid market. As technological advancements, increase spending power and improvements in transportation for both travel and logistical purposes have made the world a smaller place; This means that people, goods and services can travel faster and more easily. This also means that a necessity of currencies to be traded against each other is needed as well. All these factors have contributed to a growing forex trading marketplace which continues become more dynamic, liquid and responsive.

Online Forex Trading

Among the main participants of the forex trading market, one of the most growing segments of the total pool of participants of the marketplace, are retail foreign exchange traders (individuals) who participate in online forex trading for mainly speculative reasons with the ultimate goal of generating a profit from currency fluctuations (market changes), or hedging unwanted currency risk.

Retail traders can participate in the forex trading marketplace via a broker, where the broker issues retail clients’ a trading account. Upon funding of the trading account, the client can then partake to buy and sell currencies both online and over the phone with the goal of deriving profit.

Key Characteristics of the Forex Market

Largest Global Market

Open 24/5

Unrivalled Liquidity

Easily accessible To All Traders

Trade Execution Contract Specifications

Contract Size

100,000

1 standard lot is equivalent to 100,000 units of the base currency. I.e. 1 lot of USDCAD is US$100,000.

Minimum Lots

0.01

The minimum lot size to trade is 0.01 which is equivalent to 1,000 units of base currency.

Incremental Steps

0.01

The incremental lot size to trade is 0.01 which is equivalent to 1,000 units of base currency.

Maximum Lot

100

The maximum lot size to trade is 100 which is equivalent to 10,000,000 units of base currency.

Execution

Market Execution

Colossus Securities offers the best liquidity with the lowest latency connection to our extensive Tier One liquidity partners. All trades at Colossus Securities are executed directly with the market without requotes.

 

STP

Colossus Securities employs “Straight Through Processing” (STP), passing on customers’ trades directly to our Tier One Liquidity Providers.

 

Slippage

Colossus Securities aims to provide clients with the best trading execution available, and to fill all orders at the requested rate. However, there are times when orders may be subjected to slippage due to an increase in volume and/or volatility. Slippage most commonly occurs during fundamental news events or periods of limited liquidity. During such periods, your order type and quantity requested can have an impact on the overall execution you receive.

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